The labor force is all non military people who are employed or unemployed.
The bureau of labor statistics provides answers to two important questions, how many people arena the work force, and how many are employed and unemployed at a given time.
The BLS also reports all unemployment in the past month.
Our production of services is increasing more then our production of goods.
As service jobs increase the united states looses a lot of manufacturing jobs.
The learning effect is the theory that, education increase productivity and results in an increase in wages.
The screening effect is the theory that, completion of college implicates to the employers that job applicant is intelligent and hard working.
Contingent employment is only a temporary job or a part time job.
A lot of people are now hiring white collar workers which will be assigned a task and be only paid for that task instead of getting paid by hour shifts.
employers may offer a wide range if benefits, including medical insurance, life insurance, and retirement savings plan.
Poeple are responding to the high wages in the united states and are now taking there production oversees were it will cost a lot less and thus getting more money off the production costs.
9.2 #1-4 pg 226
1. The law of supply and demand effect the labor market by, having certain effects on what is being demanded and how the supply of workers will react to the change. This includes the derived demand which is determined by demand for another good or service. Also the production of technology being supplied will drop the labor market because of the lack of necessity.
2. The equilibrium wage when a demand for workers is low and supply is high generally goes, down in labor. When you have an excess of employees and you have to much supply you wont need workers to create more supply, or it will go to waste. When the equilibrium wage has a high demand in workers and has a low supply makes, the perfect equilibrium because everything is being demanded and enough of everything is being supplied.
3. The skilled labor differs form the professional labor by, a unskilled worker being a job that requires no specialized skills, truing, or education. This job maybe helping someone move out. A professional labor requires advanced skills and education this may include a job in pool service, you must know the chemicals and knowlege of the pools.
4. Minimum wage and safety laws affect wages by, making a set wage on people in the workforce. The safety laws allow the companies to not be able to tale advantage of their employees.
Pg. 227 outline
Karl Marx studied philosophy in his native Germany land.
He is known for the Communist Manifesto.
In this MArx argued hat history is a struggle between the owners of capital or capitalists, and the workers, or proletariat.
He had many political theories, but much of his work was concerned in economics.
He used the example of a capitalist buying cotton threads and paying workers to weave it into fabric. Then the capitalist sells the fabric for a lot more then the cost of production.
This conclusion was the basis for Marx's radical social and political views.
9.3 Pg. 234 Answer #1-5
1. some key goals for labor unions include, keeping some rights for the workers, and standing by each other against the companies. Also havign the safety conditions that are nessary to work were ever they are working.
2. Strikes are damaging to workers and companies becuase when the workers go on strikes hte company could just fire them all off and get new people who dont have a problem with what ever the problem has been about. The company on the other hand will have to deal with the fact that they will have to get new employees and may not have all the nessasary job skills.
3. The right-to-work law is, a measure that bans mandatory union membership.
4. Mediation and arbitration differ by, mediation being a settlement technique in which a neutra mediator meets with each side to try to find a solution that both sides will accept. And a arbitration is when a third party reviews the case and imposes a descision that is legallly binding for both sides.
5. Blue collar workers are typically someone who works in the industrial field and often has a job in manufacturing and receives wages. A white collar worker is someone who is a professional and has a job that usually earns a salary.
9.2 #1-4 pg 226
1. The law of supply and demand effect the labor market by, having certain effects on what is being demanded and how the supply of workers will react to the change. This includes the derived demand which is determined by demand for another good or service. Also the production of technology being supplied will drop the labor market because of the lack of necessity.
2. The equilibrium wage when a demand for workers is low and supply is high generally goes, down in labor. When you have an excess of employees and you have to much supply you wont need workers to create more supply, or it will go to waste. When the equilibrium wage has a high demand in workers and has a low supply makes, the perfect equilibrium because everything is being demanded and enough of everything is being supplied.
3. The skilled labor differs form the professional labor by, a unskilled worker being a job that requires no specialized skills, truing, or education. This job maybe helping someone move out. A professional labor requires advanced skills and education this may include a job in pool service, you must know the chemicals and knowlege of the pools.
4. Minimum wage and safety laws affect wages by, making a set wage on people in the workforce. The safety laws allow the companies to not be able to tale advantage of their employees.
Pg. 227 outline
9.3 Pg. 234 Answer #1-5
1. some key goals for labor unions include, keeping some rights for the workers, and standing by each other against the companies. Also havign the safety conditions that are nessary to work were ever they are working.
2. Strikes are damaging to workers and companies becuase when the workers go on strikes hte company could just fire them all off and get new people who dont have a problem with what ever the problem has been about. The company on the other hand will have to deal with the fact that they will have to get new employees and may not have all the nessasary job skills.
3. The right-to-work law is, a measure that bans mandatory union membership.
4. Mediation and arbitration differ by, mediation being a settlement technique in which a neutra mediator meets with each side to try to find a solution that both sides will accept. And a arbitration is when a third party reviews the case and imposes a descision that is legallly binding for both sides.
5. Blue collar workers are typically someone who works in the industrial field and often has a job in manufacturing and receives wages. A white collar worker is someone who is a professional and has a job that usually earns a salary.